The Supreme Court's Landmark Decision: Striking Down Electoral Bonds
This Post is based on the article " The clear message in the Court’s ‘no’ to electoral bonds " Which is Published in the The Hindu on 17th February 2024. Introduction: The Supreme Court of India, in its ruling on February 15, 2024, has made a significant decision by striking down the electoral bonds scheme . This move highlights the crucial need for transparency in democracy, particularly concerning campaign funding. Transparency Restored The electoral bonds scheme was criticised for its opacity, leaving voters unaware of who funded political parties and the amounts involved. Transparency in campaign funding, a cornerstone of leading democracies, has been reinstated by the Court's decision. Limits on Corporate Funding The Court's judgment addresses legal issues, including the removal of limits on corporate funding, which can lead to undue influence on the government. By reinstating these limits, the Court aims to prevent the potential misuse of funds for politi